Oct.8, 2013

The Friedberg, Germany-based voxeljet, a leading provider of high-speed, large-format 3D printers and on-demand parts services announced terms for its IPO on Monday. voxeljet plans to raise $91 million by offering 6.5 million American Depositary Shares (84% primary, 14% secondary) at US$13-$15 each. Each ADS is equivalent to one-fifth of an ordinary share. At the midpoint of the proposed range, voxeljet would command a market value of $309 million.

voxeljet's 3D printers employ a powder binding, additive manufacturing technology to produce parts using various material sets, which consist of particulate materials and proprietary chemical binding agents.

voxeljet was founded in 1999 and currently offers five different 3D printer platforms, and plan to offer a sixth prior to the end of 2013, with build boxes that range from 300 × 200 × 150 millimeters to 4,000 × 2,000 × 1,000 millimeters, with various print speeds, which produce volumetric output rates ranging from 0.7 liters per hour to 123.0 liters per hour. And the company is in varying stages of developing new material sets, including shell molding and chromite sands, PMMA-based plastics, ceramics, silicon carbide, tungsten carbide, wood powder and cement.

voxeljet's recent key innovations include:

The VX4000 system, which offers a build box of 4,000 × 2,000 × 1,000 millimeters, representing a volume that is more than six times the volume of the next largest commercially available 3D printer. The VX4000 prints at a speed of 75 seconds per layer, yielding a volumetric output rate of 123.0 liters per hour, the highest in the industry. This printer enables the user to print either a single, large-scale part or large quantities of customized smaller parts in a single batch.

The VXC800, the only continuous build 3D printer currently on the market, has a build envelope of 850 × 500 millimeters, with the third dimension being theoretically unlimited. Unlike other additive manufacturing systems, the VXC800 utilizes a conveyer platform which permits the manufacturing of products that are not constrained by the length of a build box.

voxeljet sold its first 3D printer in 2002. As of June 30, 2013, the company had an installed base of 52 printers worldwide, and a service center with approximately 16,000 square feet of production space.

voxeljet's revenues have grown to €8.7 million in 2012 from €4.8 million in 2010, representing a 35% compound annual growth rate. voxeljet booked $11 million in sales for the 12 months ended June 30, 2013.

"We occupy a defined space in the additive manufacturing market because of the size of our machines and their ability to print industrial products from qualified industrial materials. While our 3D printers may differ from those of many other additive manufacturing companies, we expect an increase in additive manufacturing to generally have a positive effect on the public's awareness of our industry." writes voxeljet in the registration statement.

Voxeljet plans to list on the New York Stock Exchange under the symbol "VJET". Piper Jaffray and Citi are the joint bookrunners on the deal.


Posted in 3D Printing Company



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Adam wrote at 10/9/2013 4:29:12 AM:

I don't know stocks, but I bet all these 3d printer companies would pay huge dividends in they long run. I should dump my rrsp into 3d printer stocks and try to get microsoft in the 80s rich.

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